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MX Player on expansion mode

Jan 17, 2020 by The Passage Team
MX Player on expansion mode

MX Player, a video-streaming app owned by Times Internet, aims to become a multi-modal entertainment app as it expands into music, gaming and international markets.

While 2019 was a good year, the company has miles to go, MX Player chief executive Karan Bedi said. “We ended 2019 with 280 million monthly active users,” he added.

“We are a multi-modal entertainment platform. We started music streaming six months back. Now, we have launched gaming. We want to give 360-degree entertainment. We are also starting to explore international markets,” the CEO said.

MX Player, which raised about USD 110 million recently, will invest that in developing original content, expand into international markets and for new initiatives like gaming, Bedi said.

Source: Economic Times

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